Attached files
EX-33.5
(logo) TRIMONT
REAL ESTATE ADVISORS
Management's Certification Regarding Compliance with Applicable Servicing
Criteria
TriMont Real Estate Advisors, Inc. (the "Asserting Party") is responsible for
assessing compliance as of and for the year ended December 31, 2011 (the
"Reporting Period") with the applicable servicing criteria set forth in Item
1122(d) of the Securities and Exchange Commission's Regulation AB as set forth
in Exhibit A hereto (the "Applicable Servicing Criteria"). The transactions
covered by this report are only those transactions processed by the Asserting
Party in its capacity as trust or operating advisor for the asset backed
securities transactions listed in Exhibit B hereto (the "Platform").
TriMont used the servicing criteria set forth in Item 1122(d) of the Securities
and Exchange Commission's Regulation AB to assess compliance with the Applicable
Servicing Criteria.
The Asserting Party has assessed it compliance with the Applicable Servicing
Criteria for the Reporting Period and has concluded that the Asserting Party
has complied, in all material respects, with the Applicable Servicing Criteria
as of December 31, 2011 and for the Reporting Period with respect to the
Platform.
Grant Thornton LLP, an independent registered public accounting firm, has issued
an attestation report on the assessment of compliance with the Applicable
Servicing Criteria as of December 31, 2011 and for the Reporting Period as set
forth in this assertion.
TriMont Real Estate Advisors, Inc.
March 1, 2012
/s/ Ernest J. Davis
Ernest J. Davis
Managing Director
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EXHIBIT A
DBUBS UBS
2011- WFRBS MSC CFCRE CCMT-
Regulation AB Criteria LC3 2011-C5 2011-C3 2011-C2 2011
Section Description Criteria Applicable Criteria
General Servicing Considerations
(d)(1)(i) Policies and Policies and procedures are N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Procedures instituted to monitor any
performance or other
triggers and events of
default in accordance with
the transaction agreements.
(d)(1)(ii) Policies and If any material servicing N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Procedures activities are outsourced to
(vendors) third parties, policies and
procedures are instituted to
monitor the third party's
performance and
compliance with such
servicing activities.
(d)(1)(iii) Back-up Any requirements in the N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Servicer transaction agreements to
maintain a back-up servicer
for the pool assets are
maintained.
(d)(1)(iv) Fidelity Bond A fidelity bond and errors N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
and omissions policy is in
effect on the party
participating in the servicing
function throughout the
reporting period in the
amount of coverage
required by and otherwise
in accordance with the
terms of the transaction
agreements.
Cash Collection and Administration
(d)(2)(i) 2 Days to Payments on pool assets are N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
deposit deposited into the
Payments into appropriate custodial bank
Custodial accounts and related bank
Accounts clearing accounts no more
than two business days of
receipt, or such other
number of days specified in
the transaction agreements.
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(page)
EXHIBIT A
DBUBS UBS
2011- WFRBS MSC CFCRE CCMT-
Regulation AB Criteria LC3 2011-C5 2011-C3 2011-C2 2011
Section Description Criteria Applicable Criteria
(d)(2)(ii) Wire Transfers Disbursements made via N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
wire transfer on behalf of an
obligor or to an investor are
made only by authorized
personnel
(d)(2)(iii) Advances Advances of funds or N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
guarantees regarding
collections, cash flows or
distributions, and any
interest or other fees
charged for such advances,
are made, reviewed and
approved as specified in the
transaction agreements.
(d)(2)(iv) Commingling The related accounts for the N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
transaction, such as cash
reserve accounts or
accounts established as a
form of over
collateralization, are
separately maintained (e.g.,
with respect to commingling
of cash) as set forth in the
transaction agreements.
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(page)
EXHIBIT A
DBUBS UBS
2011- WFRBS MSC CFCRE CCMT-
Regulation AB Criteria LC3 2011-C5 2011-C3 2011-C2 2011
Section Description Criteria Applicable Criteria
(d)(2)(v) Federally Each custodial account is N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Insured maintained at a federally
Institution insured depository
institution as set forth in the
transaction agreements. For
purposes of this criterion,
"federally insured
depository institution" with
respect to a foreign financial
institution means a foreign
financial institution that
meets the requirements of
Section 240.13k-1(b)(1) of this
chapter. l.3 Each custodial
account shall be maintained
at a federally insured
depository institution in
trust for the applicable
investor.
(d)(2)(vi) Unissued Unissued checks are N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Checks safeguarded so as to
prevent unauthorized
access.
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EXHIBIT A
DBUBS UBS
2011- WFRBS MSC CFCRE CCMT-
Regulation AB Criteria LC3 2011-C5 2011-C3 2011-C2 2011
Section Description Criteria Applicable Criteria
(d)(2)(vii) Reconciliations Reconciliations are N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
prepared on a monthly basis
for all asset-backed
securities related bank
accounts, including
custodial accounts and
related bank clearing
accounts. These
reconciliations: (a) are
mathematically accurate;
(b) are prepared within 30
calendar days after the bank
statement cutoff date, or
such other number of days
specified in the transaction
agreements; (c) are
reviewed and approved by
someone other than the
person who prepared the
reconciliation; and (d)
contain explanations for
reconciling items. These
reconciling items are
resolved within 90 calendar
days of their original
identification, or such other
number of days specified in
the transaction agreements.
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EXHIBIT A
DBUBS UBS
2011- WFRBS MSC CFCRE CCMT-
Regulation AB Criteria LC3 2011-C5 2011-C3 2011-C2 2011
Section Description Criteria Applicable Criteria
Investor Remittances and Reporting
(d)(3)(i) Reports to the Reports to investors, X^1 X^1 X^1 X^1 X^1
Investor including those to be filed
with the Commission, are
maintained in accordance
with the transaction
agreements and applicable
Commission requirements.
Specifically, such reports:
(a) are prepared in
accordance with timeframes
and other terms set forth in
the transaction agreements;
(b) provide information
calculated in accordance
with the terms specified in
the transaction agreements;
(c) are filed with the
Commission as required by
its rules and regulations;
and (d) agree with investors'
or the trustee's records as
to the total unpaid principal
balance and number of pool
assets serviced by the
servicer.
(d)(3)(ii) Investor Amounts due to investors N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Remittance are allocated and remitted
in accordance with
timeframes, distribution
priority and other terms set
forth in the transaction
agreements.
(d)(3)(iii) Investor's Disbursements made to an N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Records investor are posted within
two business days to the
servicer's investor records,
or such other number of
days specified in the
transaction agreements.
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EXHIBIT A
DBUBS UBS
2011- WFRBS MSC CFCRE CCMT-
Regulation AB Criteria LC3 2011-C5 2011-C3 2011-C2 2011
Section Description Criteria Applicable Criteria
(d)(3)(iv) Remittance Amounts remitted to N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
and Bank investors per the investor
Statements reports agree with cancelled
checks, or other form of
payment, or custodial bank
statements.
Pool Asset Administration
(d)(4)(i) Collateral/ Collateral or security on N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Security on pool assets is maintained as
Pool Assets required by the transaction
agreements or related pool
asset documents.
(d)(4)(ii) Safeguard Pool Pool assets and related N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Assets documents are safeguarded
as required by the
transaction agreements.
(d)(4)(iii) Changes to the Any additions, removals or N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Pool Assets substitutions to the asset
pool are made, reviewed
and approved in accordance
with any conditions or
requirements in the
transaction agreements.
(d)(4)(iv) Obligor's Payments on pool assets, N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Payment including any payoffs, made
Record in accordance with the
related pool asset
documents are posted to
the applicable servicer's
obligor records maintained
no more than two business
days after receipt, or such
other number of days
specified in the transaction
agreements, and allocated
to principal, interest or
other items (e.g., escrow) in
accordance with the related
pool asset documents.
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(page)
EXHIBIT A
DBUBS UBS
2011- WFRBS MSC CFCRE CCMT-
Regulation AB Criteria LC3 2011-C5 2011-C3 2011-C2 2011
Section Description Criteria Applicable Criteria
(d)(4)(v) Pool Asset The servicer's records N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Records Match regarding the pool assets
UPB agree with the servicer's
records with respect to an
obligor's unpaid principal
balance.
(d)(4)(vi) Loan Changes with respect to the N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Modifications terms or status of an
obligor's pool asset (e.g loan
modifications or re-agings)
are made, reviewed and
approved by authorized
personnel in accordance
with the transaction
agreements and related
pool asset documents.
(d)(4)(vii) Loss Mitigation Loss mitigation or recovery X^1 X^1 X^1 X^1 X^1
Actions actions (e.g., forbearance
plans, modifications and
deeds in lieu of foreclosure,
foreclosures and
repossessions, as
applicable) are initiated,
conducted and concluded in
accordance with the
timeframes or other
requirements established by
the transaction agreements.
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EXHIBIT A
DBUBS UBS
2011- WFRBS MSC CFCRE CCMT-
Regulation AB Criteria LC3 2011-C5 2011-C3 2011-C2 2011
Section Description Criteria Applicable Criteria
(d)(4)(viii) Collection Records documenting N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Efforts collection efforts are
Documented maintained during the
period a pool asset is
delinquent in accordance
with the transaction
agreements. Such records
are maintained on at least a
monthly basis, or such other
period specified in the
transaction agreements,
and describe the entity's
activities in monitoring
delinquent pool assets
including, for example,
phone calls, letters and
payment rescheduling plans
in cases where delinquency
is deemed temporary (e.g.,
illness or unemployment)
(d)(4)(ix) ARMs Adjustments to interest N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
rates or rates of return for
pool assets with variable
rates are computed based
on the related pool asset
documents.
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EXHIBIT A
DBUBS UBS
2011- WFRBS MSC CFCRE CCMT-
Regulation AB Criteria LC3 2011-C5 2011-C3 2011-C2 2011
Section Description Criteria Applicable Criteria
(d)(4)(x) Escrow Funds Regarding any funds held in N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
trust for an obligor such
funds are (a) analyzed, in
accordance with the
obligor's pool asset
documents, on at least an
annual basis, or such other
period specified in the
transaction agreements; (b)
interest on such funds is
paid, or credited, to obligors
in accordance with
applicable pool asset
documents and state laws;
and (c) returned to the
obligor within 30 calendar
days of full repayment of
the related pool assets, or
such other number of days
specified in the transaction
agreements.
(d)(4)(xi) Timely Payments made on behalf N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Payments of an obligor (such as tax or
insurance payments) are
made on or before the
related penalty or
expiration dates, as
indicated on the
appropriate bills or notices
for such payments, provided
that such support has been
received by the servicer at
least 30 calendar days prior
to these dates, or such
other number of days
specified in the transaction
agreements.
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EXHIBIT A
DBUBS UBS
2011- WFRBS MSC CFCRE CCMT-
Regulation AB Criteria LC3 2011-C5 2011-C3 2011-C2 2011
Section Description Criteria Applicable Criteria
(d)(4)(xii) Late Payment Any late payment penalties N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Penalties in connection with any
payment to be made on
behalf of an obligor are paid
from the Servicer's funds
and not charged to the
obligor, unless the late
payment was due to the
obligor's error or omission.
(d)(4)(xiii) Obligor's Disbursements made on N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Records behalf of an obligor are
posted within two business
days to the obligor's records
maintained by the servicer,
or such other number of
days specified in the
transaction agreements.
(d)(4)(xiv) Delinquencies, Delinquencies, Charge-offs, N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Charge-offs, and uncollectible accounts
and Other are recognized and
Uncollectible recorded in accordance with
Accounts the transaction agreements.
(d)(4)(xv) Any External Any external enhancement N/A^2 N/A^2 N/A^2 N/A^2 N/A^2
Enhancement or other support, identified
in Item 1114(a)(1) through
(3) or Item 1115 of this
Regulation AB, is
maintained as set forth in
the transaction agreements.
1. This criteria is applicable for the securitization; however, there were no specially serviced loans
serviced under this securitization during the reporting period. Therefore no trust/operating
advisor actions were required.
2. With respect to Applicable Servicing Criteria cells in Exhibit A that are denoted with an "N/A^2",
the criteria was not in scope for the transaction.
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Exhibit B
Name Transaction Period of Service
DBUBS 2011-LC3 Commercial Mortgage Pass-Through Certificates, DBUBS August 1, 2011-
2011-LC3 pursuant to the Pooling and Servicing Agreement December 31, 2011
dated August 1, 2011
WFRBS 2011-C5 Commercial Mortgage Pass-Through Certificates, WFRBS November 1, 2011-
2011-C5 pursuant to the Pooling and Servicing Agreement December 31, 2011
dated November 1, 2011
MSC 2011-C3 Commercial Mortgage Pass-Through Certificates, MSC 2011- October 1, 2011-
C3 pursuant to the Pooling and Servicing Agreement dated December 31, 2011
October 1, 2011
CFCRE 2011-C2 Commercial Mortgage Pass-Through Certificates, CFCRE December 11, 2011-
2011-C2 pursuant to the Pooling and Servicing Agreement December 31, 2011
dated December 11, 2011
UBS CCMT-2011 Commercial Mortgage Pass-Through Certificates, UBS December 1, 2011-
CCMT-2011 pursuant to the Pooling and Servicing December 31, 2011
Agreement dated December 1, 2011
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